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Halliburton has recently been cutting staff again. Sources indicate these reductions are due to increasing costs and lower crude oil prices. Some workforce reductions occurred over the past several weeks. Three business divisions reportedly lost between 20% and 40% of their employees. Halliburton did not respond or comment on these claims.
https://www.southwestledger.news/news/halliburton-cutting-its-workforce-again
Well, here we go again. We are going to start a new narrative cycle with the street based on a magical restructure. Excom is counting on this holding up the stock and holding up hope for improved performance - "we just need to make these changes first and we will be poised for massive growth over the next 5 years". This will largely be a cost reduction exercise and will set the table for massive off-shoring of jobs over the next 5 years. I'm sure the narrative will be around increased investment in R&D. Just a reminder - that was the narrative when HQ was moved to Dublin. It didn't happen. Any increase in the R&D line was an illusion. Incremental dollars never actually made it to organic Technology or Development. It actually went down over time. But don'w worry, Excom and Sr leadership will make a fortune.
Cars Commerce is laying off 11 percent of its full-time workforce. This action aims to streamline management layers. The company also seeks to reduce overall costs. New CEO Tobi Hartmann began his role in mid-January. These job cuts will be completed early in the second quarter.
https://www.autonews.com/retail/an-cars-commerce-layoffs-0409/
A new CEO has to show how serious he is about cost cutting and being efficient. And of course that he's going to use layoffs to show that. Never mind that his pay and the bonus he'll get from this will negate the majority of the savings. But what a great first impression, buddy. Great job.
Ever since the Pandemic, this place has been horrible. I am finding it financially impossible to do my job. 100% travel here and they moved my home office to a city 20 miles away. Thats 40 miles per day I’m not getting paid. With gas prices $5 per gallon, it’s becoming impossible to do. I get an 2% raise per year if I’m lucky where in the past 3.8% was the norm. All they talk about is “cutting costs” yet BM lives in NY and commutes to Charlotte. I’ve been through 6 management changes in the past 4 years alone. It’s been micro-aggression after micro-aggression. HR is essentially outsourced in most decisions and they work in call centers in India to give you incorrect information. They are leaning full-in on AI and there is no room for advancement except to be a Merrill salesperson that is 100% commission. There are no jobs. I’m so sad at what has become of this place.
To my dear, hardworking US Associates,
I am reaching out today with a heart full of "purpose" and a strategy full of "synergy." As your Managing Partner, I’ve been reflecting on our commitment to being a "human-centered" firm. And what is more human than wanting to keep more money for ourselves?
That is why David Chubak and I are absolutely thrilled to announce the opening of our newest Home Office location in India!
The "Proficiency-ish" Pivot
Now, I know what you’re thinking: "Penny, how can someone across the ocean do my job?" Well, the data is in! We’ve determined that our new international colleagues can perform your daily tasks with a solid 70% proficiency.
Sure, that leaves a 30% gap of "technical errors" and "client confusion," but when you look at the much reduced cost of labor, that 30% is just a rounding error in our quest for efficiency. We aren't just cutting corners; we’re "reimagining the circle."
Out With the Old, In With the Bold
To facilitate this exciting transition, we will be implementing a slow, methodical replacement of US headcount with Indian headcount. Think of it as a baton pass—except instead of passing a baton, we’re passing your desks and responsibilities to a time zone that’s thirteen hours ahead.
Why We’re Doing This (The Honest Part)
At Edward Jones, we often talk about the "Rule of 70." Usually, it’s about retirement, but today, it’s about the 70% increase David and I are eyeing for our own Executive Compensation.
By offloading your roles to a lower-cost market, we are finally able to unlock levels of personal wealth previously unseen in the history of the firm. It takes real leadership to look thousands of dedicated employees in the eye and say, "Your sacrifice is the fuel for my next vacation home."
Looking Ahead
As you badge in for your next Return to Office shift, please do so with a smile, knowing that every spreadsheet you finish helps David and me get one step closer to our "Golden Parachutes."
We are so grateful for everything you’ve done to build this firm. Now, if you could just spend the next few months documenting your processes in extreme detail for your replacements, that would be just "super."
With deep (financial) gratitude,
Penny Pennington
Managing Partner & Chief Compensation Optimizer
America's Car-Mart plans to close 42 of its 136 lots. This represents nearly one-third of its total dealerships. The closures will take effect on April 14. A reduction in staff is expected due to these actions. The company aims to align its cost structure with current capital constraints.
Rogers, Arkansas
https://www.5newsonline.com/article/money/business/layoffs-rogers-car-mart-shuttering-dozens-lots/527-5f8f48b8-c8ba-47fb-b9f2-7e9b388f0ab4
Just heard they are moving the corporate offices to Nashville, TN
This is being driven by lower costs in TN and the overall strategic shift to prioritize Healthspring
As our company is going through a tough time, I would like to propose the following ideas for saving costs:
• Pay Stephanie to do nothing. She has already proven that she creates negative value, so ensuring she does nothing will immediately increase the company's value.
• Move Bob to Cognizant, ideally to a low-cost location. This will allow him the opportunity to live the idea.
• Fire all the CTOs. Why do we need useless executives who have been unable to modernize our products for years? Replace them with AI bot. Productivity jump.
• Move Kelly to report to Koushik, so that both eventually leave. Huge savings.
Any idea you would propose?
The E&Y people are well trained to implant bureautic procedures and redundant controls so they can bill Citi for over-time meetings
Forever 21's U.S. operating unit is preparing for significant layoffs. Its Los Angeles headquarters will also shut down. Over 350 staff members are expected to lose their jobs starting mid-April. The company is exploring strategic options and cost reduction measures. This follows its exclusion from the new Catalyst Brands venture and past bankruptcy.
Los Angeles, California
https://wwd.com/sourcing-journal/industry-news/forever-21-350-layoffs-closure-los-angeles-headquarter-store-closings-1238848593/
They're about cost. The better paid you are, the higher your chances of making the list. So in reality, we're cutting the most skilled and competent people, which leaves teams far more crippled than the raw headcount numbers would suggest. Completely unsustainable.
VP said there will be 6 stores closing in the CA region this year. Came down on last STL call. Looking at 3 in the greater LA area, 1 in San Diego and two in northern California. Going to be cutting the stores with the lowest sales volume because they're not meeting sales projections and they're running above cost for labor.
earlier this week I got an API key for Claude Code. my coworker in EMEA got one too. she also got an email from her band 5's chief of staff asking to verify if she still needs to use Microsoft Apps and to present a "convincing and strong business case" for keeping them. are we buying these off the shelf?!
so let me get this straight: we have money to burn for AI (Gemini, VEGAS and now Claude Code amongst more probably) - BUT WE DON'T HAVE MONEY FOR MICROSOFT APPS?!
Is the management firm hitting the family so hard with fees that they have to lesson the product slowly over time for more profits to sustain the family expenses.
Eventually, the absence of strategy and sound fundamentals comes due. And I won't even mention the unthinkable - a bold vision with a long-term payoff. Apparently that's just fantasyland.
Heard the new furniture is already breaking! KG and MG should not have been cheap purchasing ikea…. With lifestyles of their stature they should know better! SP, why did you give them access to our Amazon account? I love the new call center look, we are all very dedicated slaves who trust in marketing operations to guide us to our success
Nike continues to optimize its workforce and rationalize programs. The company recently made a wave of tech layoffs this quarter. CFO Matthew Friend confirmed these actions on an earnings call. Nike incurred $230 million in severance costs for these cuts. These efforts aim to slash cloud costs and improve engineering performance.
https://www.thestack.technology/nike-tech-layoffs/
UK discount chain Poundstretcher announced a property restructuring plan. The goal is to reduce its cost base and secure its future. The plan involves seeking rent reductions from landlords. Poundstretcher confirmed no store closures or job cuts are planned. The company has faced challenging trading conditions recently.
https://www.retail-insight-network.com/news/poundstretcher-outlines-property-restructure/
After 20+ years at Oracle, no one is exempt from cuts. Realistically, they’re doing many a favor. The company is bloated at 160K employees—I’ve long said it could shed 50K with zero impact. Next should be VPs, directors, accountants, and especially lawyers. I applaud the move, but it could have gone much deeper.
They've proven to be incompetent again and again. Plus, they'd save much more money with fewer people. Win/win.
With layoffs happening this morning, it looks like the company may be in the middle of a broader cost-cutting and restructuring move. A possible explanation is that leadership is reducing headcount in areas it believes can be automated or absorbed by AI-enabled tools and smaller teams, with the aim of lowering costs, improving margins, and signaling a more efficient operating model to shareholders. If that is what is happening, the message is less about short-term performance and more about a transformation strategy centered on automation, leaner staffing, and investor-facing value creation.
RV joins the company, lays people off, reduces benefits, saves on costs, and raises service fees. Once the stock price goes up, he’ll sell his shares and leave
Oracle lays off employees as it curbs costs during AI buildout
https://www.businessinsider.com/oracle-layoffs-employees-costs-ai-buildout-job-cuts-2026-3
Every inconsiderate or illogical move, including pushing people close to retirement over to Cognizant, or making seemingly d-mb decisions about who to cut - it's all intentional. It's all about savings without one iota of respect or gratitude toward us. If they can save a minor buck by sc--wing you over majorly, they'll do it.
https://siliconcanals.com/sc-a-the-real-story-behind-45-000-tech-layoffs-where-the-money-actually-goes/
The real story behind 45,000 tech layoffs: where the money actually goes
Recent layoffs across the tech sector are being interpreted through competing narratives that reveal different priorities. Some accounts frame the cuts as a necessary step toward an AI-driven future, presenting job losses and new AI roles as part of a balanced transition. Others emphasize the experience of workers, who are often left uncertain about why they were let go and whether automation played a role. A more critical perspective treats the AI explanation as a strategic narrative that makes workforce reductions appear forward-looking rather than financially motivated.
The core economic shift is a reallocation of resources away from employees and toward infrastructure. Companies are reducing headcount while increasing spending on data centers, computing hardware, and energy systems that support AI development. These investments do not generate equivalent employment opportunities, and the roles that do emerge are concentrated in highly specialized areas. This creates a structural divide in the labor market, where a small group of AI experts is in demand while a much larger group of workers faces declining opportunities.
The effects extend beyond individual companies to broader economic patterns. Layoffs are concentrated in high-cost tech regions, while new infrastructure projects are often built in locations offering lower costs and favorable incentives. Policymakers are beginning to respond by seeking ways to extract value from this expansion, rather than attempting to slow it. At the same time, the emphasis on AI as the driving force behind layoffs may obscure more conventional factors, such as pressure to improve margins after periods of aggressive hiring, leaving uncertainty about whether the anticipated productivity gains will materialize.
Trinity Health is cutting jobs within its revenue cycle department. The healthcare system will outsource these non-patient-facing roles to an external partner. Approximately 10.5% of revenue cycle positions are affected by this change. The exact number of impacted employees has not been publicly disclosed. Financial challenges in the healthcare industry prompted these cost-saving measures.
Ann Arbor, MI
https://www.mlive.com/news/ann-arbor/2026/01/some-health-care-staff-laid-off-in-washtenaw-county-as-trinity-health-outsources.html
An investment analyst forecasts significant layoffs at Novo Nordisk. Up to five thousand staff reductions are predicted within two years. This prediction follows a decline in future earnings expectations. The company needs to address its cost structure. This view comes from an analyst and economist.
https://medwatch.com/News/Pharma___Biotech/article19163186.ece
I mean, not really. Maybe on paper, to an extent. Paper is just the cover. It will be money based, without any long-term strategy, any concern for team cohesion and efficiency, and without any thought about talent retention. It’s the scrambling phase. Chickens coming home to roost for the string of bad decisions, driven by greed, grandiosity and mediocrity.
Dan signed up for multi billion dollar transformation.
15k layoffs wasn't enough.
More cuts def coming and it seems like execs are getting real with their teams and just flat out scrutinizing everything.
The Sr Directors are also lacking one of the two main key skills. 1) leadership 2) technical knowledge.
Only a handful around that can do both. Can't grow a company if u are just one.
They may no longer be obligated to WARN in those states locations with 50+ employees, so VZ won't have to pay the additional money to keep them around doing nothing for a extra 30 or 60 days. It makes it cheaper to do layoffs after this is done, harder to count and trigger the thresholds.
Outing myself as a NJ resident; I participated for many years at the Verizon Corporate Classic 5K in Morristown that benefits the JBWS organization (supporting DV victims in the area). It was always a fun event to participate in with coworkers and family members. As far as I know, Verizon was always the premier corporate sponsor for this thousands-large event every July, organizing everything down to the (talented, classically trained!) singer for the National Anthem.
I got laid off this past November; I was happy to see an email come through my personal account letting me know the race is still on for this summer. But the branding looked totally different. I went to verizoncorporateclassic dot com, and it redirects to morristowncorporateclassic dot com with no indication whatsoever that Verizon is sponsoring it. At least it still benefits JBWS.
I guess Dan really is cutting all the fat, huh? even some of the lean?
Epic Games is cutting over 1,000 jobs across the company. This decision follows a decline in user engagement for Fortnite. CEO Tim Sweeney stated the company is spending significantly more than it earns. Industry-wide challenges also contribute to the financial situation. The layoffs are part of broader cost reductions exceeding $500 million.
Cary, North Carolina
https://www.carolinajournal.com/cary-based-epic-games-cuts-20-of-employees-after-fortnite-slump/
You’re not viewed as an investment, you’re treated as a cost to be managed. That distinction is intentional. This isn’t leadership, it’s management in its most short-sighted form.
There’s no real vision here - only a fixation on near-term optics and personal gain. Anyone outside of that inner circle is reduced to a line item, something to optimize or eliminate in service of short-term efficiency metrics. The broader, long-term impact simply isn’t part of the equation.
They understand the job market dynamics. They know there’s a steady pipeline of applicants. That knowledge reinforces a mindset where people are interchangeable and, ultimately, expendable. It removes any incentive to invest in talent, develop people, or build something durable.
The cost-cutting decisions they make carry little immediate consequence for them personally, since they’re insulated from the actual work and its downstream effects. But those same decisions generate immediate, tangible upside for themselves, whether in compensation, perception, or internal positioning.
So the system sustains itself: extract value now, defer consequences, and treat people as replaceable inputs rather than assets worth investing in.
Large pharmaceutical companies collectively reduced their workforces by over 22,000 in 2025. This contraction occurred as the industry faces a $300 billion patent cliff. Many firms implemented cost cuts and layoffs to maintain profits. Pfizer, Novo Nordisk, and Sanofi were among those with significant reductions. Conversely, Eli Lilly and Amgen notably expanded their employee numbers.
https://www.fiercepharma.com/pharma/large-pharma-companies-reduced-headcount-over-22000-2025-300b-patent-cliff-looms
The "Break Up Big Medicine Act," introduced in February 2026 by Senators Elizabeth Warren and Josh Hawley, seeks to dismantle vertically integrated healthcare conglomerates. It aims to prohibit companies from owning both healthcare providers and insurers, pharmacy benefit managers (PBMs), or wholesalers, reducing conflicts of interest, lowering costs, and increasing competition.
Epic Games is laying off over 1,000 employees. This decision follows a downturn in Fortnite engagement since 2025. The company is spending significantly more than it is making. These cuts, along with $500 million in cost savings, aim for stability. Impacted employees will receive severance, healthcare, and accelerated stock options.
https://www.epicgames.com/site/en-US/news/todays-layoffs
Title says it all. Exxon will not stop untill all engineering and research is done in India or even lower cost countries. There are several studies going on now that are looking at BTC capabilities and off shoring to India. The only jobs will be at the physical plants for operations. Everything else will be outsourced. We already have BTC engineers working at several plants in rotation. Look around and see the future. Costs saving are exxons future. The bottom line is the most important constant and nothing else matters.
Veteran. High performer. Unique skillset. None of it matters. It's about the money. Skill and experience cost more, so they'll keep the slacker and cut the person who actually knows what they're doing. Meaning all that hard work you put in? That was for you. This company was never going to appreciate it.